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Oct 12, 2018
IMARC Group, a leading market research company, has recently releases report titled “Nuclear Medicine Radioisotopes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global nuclear medicine radioisotopes market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the nuclear medicine radioisotopes market?
The global nuclear medicine radioisotopes market size reached US$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.44 Billion by 2028, exhibiting a growth rate (CAGR) of 8.60% during 2023-2028.
What are Nuclear Medicine Radioisotopes?
Nuclear medicine radioisotopes represent radioactive substances utilized in the diagnosis and treatment of various medical conditions, emitting detectable radiation that provides insights into the organs and tissues. These substances find application in diagnostics and therapy. In diagnostics, they generate internal organ and system images, enabling healthcare professionals to detect abnormalities and diagnose conditions, such as cancer, heart disease, and neurological disorders.Conversely, therapeutic applications involve using radioisotopes to deliver focused radiation therapy to cancer cells and abnormal tissues. Compared to traditional diagnostic and therapeutic methods, including chemotherapy or radiation therapy, nuclear medicine radioisotopes offer several advantages. They are non-invasive, eliminating the need for surgical incisions or invasive procedures. In addition to this, nuclear medicine radioisotopes pose a lower chance of complications and side effects.
Request for a sample copy of this report: https://www.imarcgroup.com/nuclear-medicine-radioisotopes-market/requestsample
What are the growth prospects and trends in nuclear medicine radioisotopes industry?
The high prevalence of cancer and the escalating product demand in cancer diagnosis and treatment solutions, such as PET scans and therapies, are primarily driving the nuclear medicine radioisotopes market. Besides this, the growing elderly population, which is more susceptible to chronic diseases, including heart conditions and neurological disorders, and the rising research and development activities by the leading players for the creation of innovative variants and applications are further augmenting the market growth.Moreover, continuous technological advancements have paved the way for the introduction of new and improved diagnostic and therapeutic applications involving nuclear medicine radioisotopes, which are also catalyzing the global market. Apart from this, the launch of several policies by the government bodies to invest in nuclear medicine technologies and the increasing patient awareness toward the benefits of this therapy are acting as significant growth-inducing factors. Furthermore, the inflating healthcare expenditure and the introduction of advanced product variants are expected to bolster the nuclear medicine radioisotopes market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Diagnostics
- Technetium-99m (Tc-99m)
- Gallium-67
- Thallium-201
- Fluorine-18
- Others
- Therapeutics
- Rhenium-186
- Iodine-131
- Samarium-153
- Yttrium-90
- Others
Breakup by Application:
- Cardiology
- Oncology
- Thyroid
- Neurology
- Others
Breakup by End User:
- Hospitals
- Diagnostic Centers
- Specialty Clinics
- Education and Research Institutes
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Bracco S.p.A.
- Bruce Power Inc.
- Cardinal Health Inc.
- China Isotope & Radiation Corporation (China National Nuclear Corporation)
- Curium Pharma
- Eckert & Ziegler
- Nordion (Canada) Inc (Sotera Health Company)
- NorthStar Medical Radioisotopes, LLC
- NTP Radioisotopes SOC Ltd.
- Shine Technologies LLC
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/nuclear-medicine-radioisotopes-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
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